Nuveen Asset Management LLC Purchases 3,202 Shares of Valmont Industries, Inc. (NYSE:VMI)

Nuveen Asset Management LLC lifted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,362 shares of the industrial products company's stock after acquiring an additional 3,202 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of Valmont Industries worth $17,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Valmont Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after buying an additional 6,967 shares in the last quarter. Franklin Resources Inc. increased its holdings in Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after purchasing an additional 94,884 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after purchasing an additional 9,201 shares in the last quarter. Earnest Partners LLC increased its holdings in Valmont Industries by 4.3% during the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after purchasing an additional 16,302 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Valmont Industries by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Performance

Shares of NYSE VMI traded up $0.57 during midday trading on Thursday, reaching $318.22. The company's stock had a trading volume of 15,930 shares, compared to its average volume of 146,662. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The firm has a 50 day moving average price of $296.15 and a 200-day moving average price of $318.40. The stock has a market capitalization of $6.39 billion, a P/E ratio of 18.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.85%. Valmont Industries's payout ratio is 15.83%.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Wall Street Zen lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Finally, Stifel Nicolaus boosted their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.